Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Lei Yang

๐Ÿ‘ค Speaker
495 total appearances

Appearances Over Time

Podcast Appearances

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

And this in part is achieved by censorship resistance because to exit, you have to submit a transaction on layer two.

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

And if the sequencer does not allow you to do so, you go through the mechanism I just described.

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

And then the layer two will be forced to allow you to exit by proposing a transaction

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

state proposal certifying that your exit or your withdrawal is valid.

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

And this is achieved by allowing anyone observing the layer two to provide such certification.

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

So even if MegaEth decides to disappear tomorrow, anyone else can just come and submit those certifications and you can use this certification to claim your money from the layer one end of the layer one, layer two bridge to MegaEth, right?

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

You can just take your money.

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

And also a few other guarantees.

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

For example, your transactions will not be miscalculated.

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

It will not be erroneously executed because there is the fraud-proof system.

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

And with that, we're actually using a ZK-based optimistic fraud-proof system in the sense that if the chain, if the sequencer ever makes a mistake, anyone can just permissionlessly submit a proof

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

a ZK proof showing to a layer one contract that the sequencer is doing something wrong.

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

And at that stage, the sequencer is going to be slashed and you can stay assured that no one can claim your money that does not belong to them, right?

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

So these are the assurances.

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

So censorship resistance,

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

guarantee the correctness of execution and guarantee the ability for you to just escape whenever you want.

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

And if so, how?

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

Very interesting question.

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

Thanks for the reminder.

Bankless
MegaETH Mainnet is Live! โ€” The Next Era of Ethereum Scaling

Yes, you also have to trust that the Security Council is not going to